Vale says strikes lease deal with China Merchants over ore ships

SAO PAULO, Sept 26 (Reuters) - Brazil's iron ore miner Vale
SA said on Friday it secured a deal with China
Merchants Group to lease for 25 years as many as 10 very large
ore carriers, that will be built by China Merchants, to ship ore
from Brazil to mainland China.
(Reporting by Reese Ewing, Editing by Franklin Paul)